Broadway Financial (NASDAQ:BYFC) Now Covered by StockNews.com

Analysts at StockNews.com initiated coverage on shares of Broadway Financial (NASDAQ:BYFC) in a report issued on Saturday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Stock Up 0.5 %

Shares of NASDAQ:BYFC opened at $6.15 on Friday. The company’s fifty day moving average is $6.18 and its two-hundred day moving average is $5.52. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.13 and a current ratio of 1.34. Broadway Financial has a 1-year low of $4.41 and a 1-year high of $7.98. The stock has a market capitalization of $56.16 million, a price-to-earnings ratio of 20.50 and a beta of 0.73.

Broadway Financial (NASDAQ:BYFC) last released its quarterly earnings data on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share for the quarter. Broadway Financial had a net margin of 4.66% and a return on equity of 2.15%. The firm had revenue of $8.19 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. raised its position in shares of Broadway Financial Co. (NASDAQ:BYFC) by 6.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 346,020 shares of the savings and loans company’s stock after purchasing an additional 19,918 shares during the quarter. Vanguard Group Inc. owned about 3.73% of Broadway Financial worth $1,907,000 as of its most recent SEC filing. 12.12% of the stock is owned by institutional investors.

About Broadway Financial

Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States. It accepts various deposit accounts, including savings accounts, checking accounts, interest checking accounts, money market accounts, and fixed-term certificates of deposit.